As I half heartily listen to CNBC news while I’m working I realize that the media is sensationalising the current credit and housing worries to the point that each report seems to have to outperform the previous on how gloomy the state of the financial world is in. It almost seems like it’s a competition about who can report the worst news. It’s no wonder people are panicking to get out of he stockmarkert. Don’t get sucked into this realm of negativity. Watch, soon some good news will come out and then they’ll all be competing on who can report the best news. Simultaniously the public’s attitude will turn from fear to hope, then to opportunity, all within a day or two.

I’m mentioning this because this doom and gloom scenario creates opportunity. When I was browsing through the Sale By Owner (FSBO) and foreclosures real estate postings on the top government auction site a couple of days ago, I couldn’t believe the astounding number of surprising low priced houses in nice rural areas that were listed. Many of these homes looked like something out of Home and Garden magazine. When browsing through this listing from lowest to highest price, after you get through some of the run down prefab houses and trailer parks, you’ll be impressed at how houses and properties improve drastically while their prices stay criminally low. By the way no offense if you rent or own a prefab house or live in a trailer park, actually if you choose to you could probably purchase or rent an upgrade without paying more then you currently are. In Government Auctions dot org you’ll find great real estate opportunities for less then buying a car, and we all know which will make the better investment. To see sample listings of what I’m talking about click NorthWest US Properties NorthEast US Properties, Central US Properties, SouthWest US Properties, or SouthEast US Properties according to what part of the US may be of interest.

You may be thinking to yourself ‘great but I don’t have money and getting a mortgage with the current credit crisis, I’ve heard, is impossible?’ If you want to borrow money to buy a boat or add an extension to your house then credit may be hard to come by, however, when you are offering to purchase a foreclosure property that a bank desperately wants to get off their books, well that’s different story. This ‘Mark to Market’ accounting you may of heard of could be a contributing factor to the credit crisis, but if you want to buy a foreclosed house Mark to Market accounting is your best friend. That’s because a house in pre-foreclosure or foreclosure is entered into their books at a very low intrinsic value, so any price the bank can get for it will free them of this understated asset, and turns a defaulted mortgage into another new loan. Bottom line is that with foreclosure properties being so discounted combined with banks needing home buyers more then ever, there has never been a better opportunity to invest in a good quality home at a great location.

As I said above to see sample listings of what I’m talking about click NorthWest US Properties NorthEast US Properties, Central US Properties, SouthWest US Properties, or SouthEast US Properties according to what part of the US may be of interest, or to go directly to the full listings click GovernmentAuctions.org.